Wealthcam

BIG MOVE DONE as analysed ! what’s next..?

NSE:BANKNIFTY   Nifty Bank Index
As we can see BANKNIFTY rallied over 2000++ points in couple of days after breaking out of inverted head and shoulders pattern. Though this move was influenced with sentiments which arose due to exceotional win of BJP in few states but it could be shortlived. As we had previously analysed that despite the results, market started to rally beforehand which shows that the supposed move was already factored in hence this could be a potential trap as now we can expect some sideways to negative market in coming trading sessions if opens below our zone unless BANKNIFTY sustains above our given zone so plan your trades accordingly everyone.

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